No public payout needed for coal-fired power shutdown in Alberta: study

EDMONTON — A new study questions demands from Alberta power generators for billions of dollars in compensation if the province shuts down coal-fired plants early as part of its climate change strategy.

The Pembina Institute, a clean energy think-tank, says deals the companies agreed to long ago give them plenty of time to recoup their investments without big payouts from taxpayers.

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It suggests the public shouldn’t cover costs for coal-fired plants built after it was clear that climate change would affect government policy.

READ MORE: Phase out Alberta coal plants: doctors

Power generators have warned that requiring them to close coal-fired plants early could put the government on the hook for as much as $4.6 billion.

Report author Ben Thibault says those demands are blocking good climate policy.